Housing costs in Warwick?
A typical home costs
$345,400, which is 2.2% more expensive than the national average of
$338,100 and 13.9% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Warwick costs
$1,540 per month, which is 7.7% more than the national average of
$1,430 and 5.2% more than the state average of
$1,460.
Can I afford Warwick?
To live comfortably in Warwick (zip 02888), Rhode Island, a minimum annual income of
$66,240 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Warwick?
The cost of living in Warwick, RI 02888 is relatively high compared to the rest of the United States. The median home value in Warwick is $251,900, which is considerably higher than the national average of $184,700. Similarly, the median household income in Warwick is $62,856 which is slightly higher than the national average of $61,937. When it comes to daily necessities such as groceries and transportation costs, prices are on par with what you would expect in most other cities. However, with a relatively higher cost of housing and taxes combined with lower-than-average wages, many Warwick residents find it difficult to make ends meet and may have difficulty saving for retirement or other long-term goals.